India’s key stock indices eked out gains on Wednesday, January 16, amid rising energy and financial names, as well optimistic expectations about a quarterly earnings report of industrial conglomerate Reliance Industries, due out on Thursday, January 17. Recapping the indices, the Nifty 50 was 0.03% higher at 10,890.30, while the BSE Sensex ticked up 0.01% to 36,321.29. By 10:30 GMT, the USD/INR currency pair traded up 0.13% to 71.181, while EUR/INR advanced 0.12% to 81.2275. Meanwhile, the 10-year government bond yield widened to 7.562%. Reliance Industries gained 0.6% ahead of the release of financial results for the fiscal quarter ended in December. Investors await the report with enthusiasm due to strong performance of the company’s Jio unit. As noted above, financial names, which continue to rise amid inflation data released on Monday, enjoyed strong demand. ICICI Bank and State Bank of India added 0.7% and 0.5%, respectively. Tech stocks were well bid. Infosys and Tata Consultancy added 1.4% and 0.1%. The daily chart shows that the BSE Sensex is approaching the resistance level at 36,570, while the Slow Stochastic Oscillator has reached overbought territory. As a result, a downturn cannot be ruled out in the short term. $SENSEX, S&P BSE SENSEX INDEX / D